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Dec 10, 2013
12/13
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i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point you number one. point number two, there are no tax increases here. point number try, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. >> so congressman, democrats are giving up some stuff in this. is paul ryan wrong that what are you getting is not enough to push you over the edge with this bill? >> we are a little disadvantaged, we haven't seen the full details. but as i understand it, spending will be up higher. but this isn't an unprecedented deal. this happened in december 2011 and it happened last december as well. every time there's some bipartisan agreement, there's more spending in washington. they did the same thing each december, and i think at the end of the day as was indicated by senator rubio, this doesn't get to the heart of the problem which is spending. moving it a few dollars is
i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point you number one. point number two, there are no tax increases here. point number try, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. >> so congressman, democrats are giving up some stuff in this. is paul ryan wrong that what are you getting is not enough to push...
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Dec 10, 2013
12/13
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FOXNEWSW
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we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right around the corner. and dom on straight the value in making our government work for the people we represent. so when all of this is done, i am very proud to stand with chairman ryan or anyone else who wants to work on this bipartisan foundation to continue addressing our nation's challenges. nothing is easy here but i know the american people expect nothing less. i want to take a minute to especially change chairman ryan. he and i do have some major differences. we cheer for a different football team. clearly. we catch different fish. we have some differences on policies. but we agree that our country
we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right...
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well this situation is really is serious ukraine is running a current account deficit of eight percent of g.d.p. . and it's june twenty fourth thousand dollar bonds are paying nineteen percent interest and what that means is that the markets are expecting it again dissipating it evolved by ukraine so it is a very serious situation the ukrainian central bank. is almost broke and doesn't have any money and won't be able to support the ukrainian currency going forward unless you train gets credit mediately why it's you kind of right to not join the legions with the e.u. that how has that economy benefited by choosing not to do that. the problem with the e.u. agreement was who were the strings all of the strings and conditions that were attached this is why the president did not sign the deal. there were conditions that the subsidies. subsidies stop for the consumption of gas in ukraine that would have been political suicide for the president and that will be sent to germany to one of the goals of the european union is to bring back. revolution and the at the current government leave power
well this situation is really is serious ukraine is running a current account deficit of eight percent of g.d.p. . and it's june twenty fourth thousand dollar bonds are paying nineteen percent interest and what that means is that the markets are expecting it again dissipating it evolved by ukraine so it is a very serious situation the ukrainian central bank. is almost broke and doesn't have any money and won't be able to support the ukrainian currency going forward unless you train gets credit...
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Dec 6, 2013
12/13
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CNNW
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it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound really good. a lot of people are just giving up and stopping looking for jobs. they're going on disability. the dependency on government has absolutely ballooned until this quote/unquote recovery. i think folks in your camp want more dependence on government, yes? >> no, we want jobs. >> but how dots there? >> in fact you follow the president's agenda, which has created 45 straight months of job growth. that is going the right direction. >> it's not fast en
it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin...
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we are looking at an explosion of entitlements and debt and possibly devastation to the deficit and to the country if we don't get in charge of it. >> you are absolutely -- >> this president seems to have no sense of what to do. i will give you the last word here congressman, but it sms the republicans don't have the answers either. >> you are absolutely correct. it is monumental. needto be totally ripped out by the roots and replaced with something such as my patient option act. we do have some republicans and democrats that wants to fix it. in fact to my colleague from georgia wants to fix it. it is not fixable. we have got to get rid of obamacare because of all the things you're saying. people are going to lose there doctors. in fact, they're going to lose their insurance. the promises made by this president artotally false. he is delusional if he thinks that people are going like obacare. i have the plan, the patient option act, and i am going to contin to try to get it passed into law. the american people can get it passed into law by demanding it from they're elected representati
we are looking at an explosion of entitlements and debt and possibly devastation to the deficit and to the country if we don't get in charge of it. >> you are absolutely -- >> this president seems to have no sense of what to do. i will give you the last word here congressman, but it sms the republicans don't have the answers either. >> you are absolutely correct. it is monumental. needto be totally ripped out by the roots and replaced with something such as my patient option...
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Dec 9, 2013
12/13
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ALJAZAM
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but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but you still have to make these tough political decisions. if the president had early on taken the bull sense proposal which is deficit reduction group that he had appointed and headed from the state of the union message okay they've given us this proposal. congress, go to work on it and get me a budget by july, six months from now. early in his career as president it might have changed the paradigm. >> one thing that was in the congressional in-box, you're going to tell us, may not be there any more. have they come to an agreement on the military appropriations. >> they have the national defense authorization has come an agreement. they announced they're going to fast track it to get it done before the house leaves at the
but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but you still have to make these tough political decisions. if the president had early on taken the bull sense proposal which is deficit reduction group that he had appointed...
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Dec 5, 2013
12/13
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CNBC
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we've got the deficit cut, we've got public spending finally coming down. as you've said, the budget surplus on the horizon, that's big news. he will say austerity and balancing the books needs to be central to the government's policy going forward. now, whether that's pushing out the pensionable age or a further squeeze on public spending, some of that detail is going to be heard, it's going to be changes to energy prices, it's going to be changes to possibly some of their corporation tax, a freeze on business rates, but essentially it's going to away fiscally neutral budget with a tone saying tax cuts, they may kot come in the future, but not until we've secured recovery. we will have, however, gdp revisions up towards. the uk economy is booming. some experts are saying that the uk could be the most successful economy within the fw7 nations by the end of the year. with us here to discuss that further is steve radially, director of policy at trade manufacturing body eef. steve, finally, do we have a balanced recovery in the uk? we had positive manufacturin
we've got the deficit cut, we've got public spending finally coming down. as you've said, the budget surplus on the horizon, that's big news. he will say austerity and balancing the books needs to be central to the government's policy going forward. now, whether that's pushing out the pensionable age or a further squeeze on public spending, some of that detail is going to be heard, it's going to be changes to energy prices, it's going to be changes to possibly some of their corporation tax, a...
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Dec 5, 2013
12/13
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host: yet the deficit is a problem. k stone.this from mar guest: i think tax expenditures is a big problem. there are tax revenues that we should be taking in which we are not because we are subsidizing a significant amount of what some have termed corporate welfare. billions of dollars to the oil and gas industry, they are making record profits. the tax expenditures are costing the american people in ways that are problematic. host: what would you cut the besides defense? guest: revenues that we have lost that would otherwise should take in. other than defense, there is waste and inefficiencies in a wide range of domestic spending programs. i am willing to take a look at almost everything. i think the demonization of social security and medicaid are inappropriate. they are not responsible for the deficit problem we have right now. ronald reagan in a debate with walter mondo and clear social security has nothing to do with the deficit. it was true then and it is true now. att in plano, texas. caller: thank you for takin
host: yet the deficit is a problem. k stone.this from mar guest: i think tax expenditures is a big problem. there are tax revenues that we should be taking in which we are not because we are subsidizing a significant amount of what some have termed corporate welfare. billions of dollars to the oil and gas industry, they are making record profits. the tax expenditures are costing the american people in ways that are problematic. host: what would you cut the besides defense? guest: revenues that...
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Dec 10, 2013
12/13
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MSNBCW
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more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with autopilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done one is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything she wants. [ inaudible question ] i think conservatives should vote for it. i expect we will have a healthy vote. i think we will pass this through the house. we're going to go first given our schedules. we will post this on our website this evening and we intend to bring it to the house floor later on this week. i have every reason to expect great support from our caucus because we are keeping our principles. the key here is nobody had to sacrifice their core principles. our principles are don't raise taxes, reduce the deficit. we also hav
more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with autopilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done one is because it's not easy to do. so we know we're not going to get...
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Dec 5, 2013
12/13
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. >>> president obama declaring an end to the war on budget deficits and pledging to fight the deficit of opportunity for the poor and middle class. in a speech wednesday on his economic priorities, the president said the federal deficit is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that we're going to have greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty and that is why it's well past the time to raise a minimum wage that in real terms right now is below it was than when harry truman was in office. >> republican leaders quickly took issue with the president's poach. house speaker john boehner suggesting the president's policies created the very problems that he described. >> meanwhile republicans and d
. >>> president obama declaring an end to the war on budget deficits and pledging to fight the deficit of opportunity for the poor and middle class. in a speech wednesday on his economic priorities, the president said the federal deficit is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that...
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well the situation really is serious ukraine is running a current account deficit eight percent of g.d.p. . it's june twenty four thousand dollars. are being nineteen percent interest and what that means is that the markets expecting it dissipating in the. ukraine so it is a very serious situation in ukraine and central bank. is almost broke and doesn't have any money here and won't be able to support the ukrainian currency going forward unless you brain gets credits immediately why it's you kind of right to not join the legions with the bad and how has that economy benefited by choosing not to do that. that's the problem with the e.u. agreement. who are the strings all of the strings and conditions that were attached this is why the president could not sign the deal. there were conditions that the subsidies. that the subsidies stop for the consumption of gas in the ukraine that would have been political suicide for the president and that will be sent to germany the one of the goals of the european union is to bring back the revolution and to add the current government leave power that's
well the situation really is serious ukraine is running a current account deficit eight percent of g.d.p. . it's june twenty four thousand dollars. are being nineteen percent interest and what that means is that the markets expecting it dissipating in the. ukraine so it is a very serious situation in ukraine and central bank. is almost broke and doesn't have any money here and won't be able to support the ukrainian currency going forward unless you brain gets credits immediately why it's you...
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Dec 9, 2013
12/13
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KCSM
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cells with a two one win over fellow tend to speak helpful side to side get this taken me through a deficit of one penalty. and things around before the break when an airplane equalised with a grey and the like. when the then came from mike schools that will also sport from the penalty spot like the captain predicted that this was sent off for a second to none. the weekend results so far look like this got one for two against time about how spoke back to when it come but finds that last attempt a call sometime on sunday at the coast was well like take on britain. stay with us sunday champion. are you. the years. sure sweetie it. the team he was sixteen this keeps the second set nineteen ski team in each district to its gdp who graciously decided to start we didn't eat by the sea. i don't like effects. it tells its own pc the year. as the week starting ukraine was in the midst of its worst political crisis since the orange revolution almost a decade ago. demonstrators laid siege to government buildings. this issue the debate on the klitschko called for the resignation of president viktor you
cells with a two one win over fellow tend to speak helpful side to side get this taken me through a deficit of one penalty. and things around before the break when an airplane equalised with a grey and the like. when the then came from mike schools that will also sport from the penalty spot like the captain predicted that this was sent off for a second to none. the weekend results so far look like this got one for two against time about how spoke back to when it come but finds that last attempt...
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Dec 3, 2013
12/13
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CNBC
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it's the moral and religious and spiritual deficit we have to work on. but let's not damage the economy in the process. i'm kudlow. we'll have more on this later. '. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy effici
it's the moral and religious and spiritual deficit we have to work on. but let's not damage the economy in the process. i'm kudlow. we'll have more on this later. '. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs...
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>> food stamps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the improvement and things will snap back into place when the economy and the recovery snaps back into plac but right now it is untenable. >> in terms of relaxing standards, some of this is -- for example, someone will have to qualify for work in order to get this. that seems like a good policy to me. >> i agree with that, but there's a lot of pride fraud in the program and that is indisputable. and the people on both sides have their own opinions. let me finish. you will from both sides want to help the poor out. everyone wants to help the poor out. help them, give them a job. the problem is there is abuse of the system that is being underreported and understated by the democrats who are basically saying that it's nonexistent. i totally disagree with that. >> the studies say that the fraud rate is very low. >> it is misreported. >> it's not just for families. >> yes, it is. the
>> food stamps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the improvement and things will snap back into place when the economy and the recovery snaps back into plac but right now it is untenable. >> in terms of relaxing standards, some of this is -- for example, someone will have to qualify for work in order to get this. that seems like a good...
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dollars worth of pots chewing this substance on the national past time somebody will say i'm national a deficit without knowing anything about it but the action comes out of a whole one at the country as a whole is that it's not a war that it logically but that yemen has no shortage of problems but a shortage of water could make some not the first world cup at all to run dry current as one of the main culprits. yemen is chewing itself to death the country is limited water resources and its population rate has exploded that's a huge factor in the shortage but then ninety three percent of the extract of water goes to agriculture and that's mostly to grow cotton amid the rugged landscape on the outskirts of the capital got trees as far as the eye can see they can be harvested all year round and the farmers here say they earn more cash from drugs than food. we used to grow grapes peaches pomegranates another fruits but it simply wasn't as profitable as caught so we rooted out the other crops and left only the caught trees. it takes an incredible amount of water to irrigate these got fields the more
dollars worth of pots chewing this substance on the national past time somebody will say i'm national a deficit without knowing anything about it but the action comes out of a whole one at the country as a whole is that it's not a war that it logically but that yemen has no shortage of problems but a shortage of water could make some not the first world cup at all to run dry current as one of the main culprits. yemen is chewing itself to death the country is limited water resources and its...
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Dec 2, 2013
12/13
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LINKTV
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the country's trade balance swung to a surplus in october from a deficit in the previous month. moving on to currencies, the dollar is gaining momentum against the yen. dollar/yen currently changing hands at 102.78-81. analysts say rising long-term u.s. interest rates are helping boost buying in the u.s. currency. the euro/yen is being quoted at 139.21-24. >>> in other business news, u.s. online shopping giant amazon is hoping to bring the future a step closer. it's trying to deliver packages directly to your doorsteps using small unmanned aircraft. the company has unveiled a test video of a small drone with eight propellers carrying merchandise in a little box. the drone is equipped with a gps system. it can carry packageswaring up to 2.3 kill am gras each. the company aims to deliver packages from distribution centers within 30 minutes. ceo jeff bezos says this is no science fiction. he says the service could be technically ready in four to five years. but bezos adds that u.s. aviation authorities will need to drop regulations for unmanned aircraft before such a service could
the country's trade balance swung to a surplus in october from a deficit in the previous month. moving on to currencies, the dollar is gaining momentum against the yen. dollar/yen currently changing hands at 102.78-81. analysts say rising long-term u.s. interest rates are helping boost buying in the u.s. currency. the euro/yen is being quoted at 139.21-24. >>> in other business news, u.s. online shopping giant amazon is hoping to bring the future a step closer. it's trying to deliver...
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Dec 9, 2013
12/13
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BLOOMBERG
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you want to talk about the deficit. this will not go away. are people actually concerned about high deductibles? >> you certainly have a lot of republicans who will talk about it. there talking about the problems with healthcare.gov and they are also talking about the way the rubber meets the road. the prices that they are paying for premiums that are out there and the deductibles are going up as well. this is another talking point for them. they have criticized the health care law. we will have several members on capitol hill and this is one of the questions they will have to answer. rollout, theo the website is operating better. they will make this point over and over. >> lawmakers actually have a deadline of their own to sign up for the affordable care act. how is that going? >> there is actually a different website. technically, they are members of a small business. that is the congress of the united states. they are operating off of the d.c. exchange. the deadline is december 23. december 9 is the deadline for members of congress underst
you want to talk about the deficit. this will not go away. are people actually concerned about high deductibles? >> you certainly have a lot of republicans who will talk about it. there talking about the problems with healthcare.gov and they are also talking about the way the rubber meets the road. the prices that they are paying for premiums that are out there and the deductibles are going up as well. this is another talking point for them. they have criticized the health care law. we...
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seventy four percent down to twenty eight percent here but the thing is and exploded the deficit it's only happening in luxor is what they have been over twelve percent unemployment rate so we're talking about highly distressed areas wouldn't you like to see tax cuts go at least to those areas where people are hurting the most where unemployment is the highest tax cuts that have not worked so we've got a policy that for thirty two years we've tried over and over and over again every time we try it it makes things worse and you say oh yes let's do more of that in the places where people are hurting the worst seriously what you want you want poor people in the zone's to pay one point three billion dollars more in taxes over the next ten years you don't want to give these people some sort of really mean income taxes. people at our poverty lot of the united states are paying a portion of income taxes and i think that lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandator
seventy four percent down to twenty eight percent here but the thing is and exploded the deficit it's only happening in luxor is what they have been over twelve percent unemployment rate so we're talking about highly distressed areas wouldn't you like to see tax cuts go at least to those areas where people are hurting the most where unemployment is the highest tax cuts that have not worked so we've got a policy that for thirty two years we've tried over and over and over again every time we try...
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Dec 10, 2013
12/13
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ALJAZAM
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i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to get everything that she wants. >> what if they reject it. >> i think we'll pass there though the house. we'll go first given our schedules. we'll post this on our website this evening and we intend to bring it to the house floor later this week. i have every reason to expect great support from our caucus. we're keeping our key principles. no one here had to sacrifice their core principles. our princ
i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were...
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Dec 10, 2013
12/13
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FBC
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. $23 billion is left over and that is what will go to deficit reduction as part of this deal. there is deficit reduction in the tax increase -- there is no reason why they would support it. the government, they want to come together and he did so here, to forge a bipartisan agreement and now it is up to the lawmakers to pass out. gerri: thank you for coming on with that. thank you for coming on. >> by the way, started there and not tomorrow. that was the official start of. [laughter] gerri: okay, thank you. a new study is out showing who pays what on average people got more than they put in. now we want to know what you think. here's her question tonight. log onto gerriwillis.com and vote on the right-hand side of the screen and i will share the result at the end of tonight's show. it is the holiday season. the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make
. $23 billion is left over and that is what will go to deficit reduction as part of this deal. there is deficit reduction in the tax increase -- there is no reason why they would support it. the government, they want to come together and he did so here, to forge a bipartisan agreement and now it is up to the lawmakers to pass out. gerri: thank you for coming on with that. thank you for coming on. >> by the way, started there and not tomorrow. that was the official start of. [laughter]...
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Dec 9, 2013
12/13
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BLOOMBERG
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trade deficit was much larger than expected. that is the main cause for the current account balance deficit in october. the current account is not expected to continue in deficit. the weaker yen, that is pushing up energy costs. the trade deficit is expected to continue for the foreseeable future. even with the weaker yen, this'll push up export, but not enough to counter the effect of the higher cost of oil and gas. we are seeing an increase of consumer goods and the materials for housing and consumers to buy more. year, you willt see a lot more. that will push up the trade deficit even more. james in tokyo. thank you. program,g ahead on the the icing on the cake for the baking industry. more on that coming up later. and jpmorgan with a strong performance. when "asiaad to that edge" returns. ♪ .> breaking news an ipo is said to take place in everbright.r billionssaid to seek in hong kong dollars in shares sales. let's see what else is going on. positive news coming out of the u.s. on friday, helping wall street. john? five se
trade deficit was much larger than expected. that is the main cause for the current account balance deficit in october. the current account is not expected to continue in deficit. the weaker yen, that is pushing up energy costs. the trade deficit is expected to continue for the foreseeable future. even with the weaker yen, this'll push up export, but not enough to counter the effect of the higher cost of oil and gas. we are seeing an increase of consumer goods and the materials for housing and...
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revenues there were that ten to twenty percent benefit increase would pay for itself and reduce the deficit so ignore it. the so called moderate talking points the solution to our retirement crisis is clear we just need to take a listen to warren's proposal to expand social security and crank it up a few notches but not everyone wants to help seniors and rebuild the economy i'm joined now by but jack burkman g.o.p. strategist and host of behind the curtain jack one of the great pleasure to be with you so always so what's your what's the republican alternative to social security well there's a word for what you're describing with retirement age at age fifty five it's called france it's called italy it's called germany and these models are failing if anything the retirement age should be seventy five years which you surely has this once is arguably the strongest economy on earth average industrial wage in germany's fifty four dollars an hour i guess if you're white you think why are people with all of the wealth in this country why would anyone else has half the poverty rate we do get half th
revenues there were that ten to twenty percent benefit increase would pay for itself and reduce the deficit so ignore it. the so called moderate talking points the solution to our retirement crisis is clear we just need to take a listen to warren's proposal to expand social security and crank it up a few notches but not everyone wants to help seniors and rebuild the economy i'm joined now by but jack burkman g.o.p. strategist and host of behind the curtain jack one of the great pleasure to be...
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Dec 7, 2013
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the mandatory spending programs, get a net deficit reduction package. if they can get that's a good deal. >> but they can't. of course you're right about the defense and buck mccann is right. if you look at the line, if you look at the base line, they're up 19% over the next bunch of years out the 2021 or something. 2014 they take another hit. i get that. however from that base it rises about 18 or 19%. that's pretty good. >> the other argument for getting the deal is that these discretionary cuts are written on paper. every congress can undo them. if you start changing the federal retirement program, it sticks. if you start changing aviation fees it sticks. if you change the mandatory programs like farm or spectrum rights they stick. you change the long term as well as the short term. it's worth trying to get a deal. not every deal is acceptable. the parties are very far apart on the big items. so if there's a small deal where you can get enough overlap and get each side to take some bad votes it's worth trying to get it done. >> let me go back to you
the mandatory spending programs, get a net deficit reduction package. if they can get that's a good deal. >> but they can't. of course you're right about the defense and buck mccann is right. if you look at the line, if you look at the base line, they're up 19% over the next bunch of years out the 2021 or something. 2014 they take another hit. i get that. however from that base it rises about 18 or 19%. that's pretty good. >> the other argument for getting the deal is that these...
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and these deficits have to be paid to pay these deficits with cuts in the public spending when necessary the first expenses hits were social expenses unfortunately. in doing that we cut spending including social spending and that obviously had a negative effect on health education and social housing report obviously. this took place at a time when there was in power in the u.k. and reagan in the u.s. . it was really the law of the markets. and so the economists of the i.m.f. the world bank and in a lot of other countries even bilateral cooperation said allow real prices to rule and all problems will be solved. i think that by doing that we did a lot of harm mainly because we didn't know ways to understand the economic policy of these countries. once the structural adjustments were imposed by creditors namely the world bank and i.m.f. it was like hell on earth here and as a. fan at the hospital everything had become fee paying consultations you have to pay to see the doctor to get more syringe is more alcohol. i mean it was hell people often died from curable diseases. and people in poor
and these deficits have to be paid to pay these deficits with cuts in the public spending when necessary the first expenses hits were social expenses unfortunately. in doing that we cut spending including social spending and that obviously had a negative effect on health education and social housing report obviously. this took place at a time when there was in power in the u.k. and reagan in the u.s. . it was really the law of the markets. and so the economists of the i.m.f. the world bank and...
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it was the highest deficit in history. when i asked him about tapering, he said anything that's good for the u.s. economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this week in bahrain, foreign ministers from the united states, from the u.k., gulf states, egypt will be meeting and sitting down. they invited their iranian counterpart as well. we can learn more about how this agreement is going to play out. >> yeah. so we'll have to see how that plans out, hadley. another follow-up. cutting things, that's interesting when we're wondering what was going to happen with iran. >> exactly. he gav
it was the highest deficit in history. when i asked him about tapering, he said anything that's good for the u.s. economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the...
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kind of brand bargain that talked about entitlements and the big issues contributing to the debt and deficit. >> we'll see what they can come up with between now and then. that's it for me. i'm be back 5:00 p.m. eastern in "the situation room." "newsroom" continues right now with brooke baldwin. >>> hi, there. i'm brooke baldwin live in new york today. we begin with a story that absolutely broke the nation's heart. i'll never forget it. i was there in newtown. i saw first hand the utter devastation, the anguish upon the faces of those in the community, the first responders, the children because of the shooting at sandy hook elementary school. i talk eed to a first responder trembling with grief. i saw the funeral processions with the tiny white caskets for young first grade victims, and moments ago, we got the 911 calls, these tapes, from that mass shooting in this quaint connecticut town. the 911 calls from inside the school where a an
kind of brand bargain that talked about entitlements and the big issues contributing to the debt and deficit. >> we'll see what they can come up with between now and then. that's it for me. i'm be back 5:00 p.m. eastern in "the situation room." "newsroom" continues right now with brooke baldwin. >>> hi, there. i'm brooke baldwin live in new york today. we begin with a story that absolutely broke the nation's heart. i'll never forget it. i was there in newtown....
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from a serious deficit to a positive balance of more than a billion in three years. >> so should that be an explicit goal of both parties in washington, d.c., to get back to a balanced budget? >> yes, to a degree. i'll refer back to defense, for example. at the federal government level, we need to balance our priorities. now, whether the budget in any given year is balanced in the sense that both governor pawlenty and i have to do it at the state level is another matter for discussion. what we -- in balancing priorities, then we have to balance what our expenditures are in terms of what is the return from investment. so an absolute commitment to a balanced budget in accountancy terms may not be in the interests of the united states at a given balance expenditures against revenues and then be reasonable about what we are willing to invest in terms of getting revenues, just to be against taxes per se means to be against our own national interest. >> speaking of balance, we did have a guy who ran for office saying he would take a balanced approach if president obama won based on that. i
from a serious deficit to a positive balance of more than a billion in three years. >> so should that be an explicit goal of both parties in washington, d.c., to get back to a balanced budget? >> yes, to a degree. i'll refer back to defense, for example. at the federal government level, we need to balance our priorities. now, whether the budget in any given year is balanced in the sense that both governor pawlenty and i have to do it at the state level is another matter for...
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the deal would do nothing to significantly reduce the deficit. nor does it raise taxes nor reform entitlement programs like medicare and social security. democrats say it's not a deal breaker if it's not done by january. they could target about $65 billion in alternative policies. the spirited bipartisan may exist elsewhere on capitol hill as well. last week lawmakers said they've made progress towards passing the first new five-year farm bill since 2008. they've yet to agree on the most politically sensitive topic though, how much to trim from the u.s. food stamps program. house republicans want to cut spending by 40 billion while senate democrats have agreed to trim 4 billion. that's what we're watching in washington next week. >> not much of a gap between 40 and 4. thanks for that, mary. >>> joining us for more is morris reid managing director tina fordham is still in the studio. morris, thank you for joining us. are we going to get an agreement this week on something? >> i think so. there's a lot of pressure on congress from the business comm
the deal would do nothing to significantly reduce the deficit. nor does it raise taxes nor reform entitlement programs like medicare and social security. democrats say it's not a deal breaker if it's not done by january. they could target about $65 billion in alternative policies. the spirited bipartisan may exist elsewhere on capitol hill as well. last week lawmakers said they've made progress towards passing the first new five-year farm bill since 2008. they've yet to agree on the most...
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closee never had anything to such a sustained job deficit after any recent downturn. said in opposition to an extension that the federal emergency unemployment compensation program was adopted for extraordinary circumstances that are disappearing. no. no. these extraordinary circumstances continue, as indicated in the report issued just this morning by president obama's council of economic advisers. it highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances continue. the report also sets out the economic impact of a failure to act. and otherwith cbo economists. allowing the federal ui program to expire will cost our economy at least 200,000 jobs next year because of reduced consumer demand. ignore thengress to national economic impact would be shortsighted. to ignore the human, the individual human impact would be coldhearted. that is not the better nation -- the better nature of our nation. congress. this thank you. >> thank you very mu
closee never had anything to such a sustained job deficit after any recent downturn. said in opposition to an extension that the federal emergency unemployment compensation program was adopted for extraordinary circumstances that are disappearing. no. no. these extraordinary circumstances continue, as indicated in the report issued just this morning by president obama's council of economic advisers. it highlights that the current long-term unemployment rate is at least twice as high as it was...
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Dec 2, 2013
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that gives the child a way better chance of having the least amount of deficits or making a full recovery. >> reporter: 24 hours later word reached the crew the boy was doing better, so much he is expected to make a full recovery. >> wow! it is the best early christmas present all of us could possibly imagine. >> reporter: just another day on the job at fire station 23, saving lives along the way. brian webb, kpix 5. >> and that toddler's grandmother who dove in after him was also treated for hypothermia and will recover. >>> an online arrangement to sell a videogame system ended with a murder in san francisco. the seller was robbed and shot to death yesterday afternoon in the bayview near bayshore boulevard and gerald avenue. the victim's name hasn't been released and so far there's no description of the killer. >>> keep your purses and shopping backs close while taking public transportation. muni especially wants riders to be on high alert. pickpockets, robberies and cell phone robberies have been a problem. muni wants people coming in the city to keep a close eye on their stuff and sur
that gives the child a way better chance of having the least amount of deficits or making a full recovery. >> reporter: 24 hours later word reached the crew the boy was doing better, so much he is expected to make a full recovery. >> wow! it is the best early christmas present all of us could possibly imagine. >> reporter: just another day on the job at fire station 23, saving lives along the way. brian webb, kpix 5. >> and that toddler's grandmother who dove in after...
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these upgrades are critically and reduction of the deficit. he would reduce the deficit by 10%. the hope is he can do more on that. have a lot of married couples and free school meals for kids. of course, the tapering with energy -- what will the impact be? [laughter] >> we would not want you to be chilly. that was manus cranny live from westminster. we will bring you a speech -- osborne's speech live. >> the ecb will publish its decision following last month's surprise rate cut. focus will be on mario draghi. here witherro is details. >> it is hard to follow manus cranny. [laughter] let's talk about these forecast. a reason many people thought they would cut a rate this month and not last month. the rate cut would come with the company forecast. what we will get is something as bright as the u.k.'s forecast. they currently predict one percent growth for next year at inflation is at 1.3%. that is well below the 2% target. it is important. it might sound a long way off. we know that dally on swift guidance -- dalliance on guidance -- you might get some color on that. >> and defla
these upgrades are critically and reduction of the deficit. he would reduce the deficit by 10%. the hope is he can do more on that. have a lot of married couples and free school meals for kids. of course, the tapering with energy -- what will the impact be? [laughter] >> we would not want you to be chilly. that was manus cranny live from westminster. we will bring you a speech -- osborne's speech live. >> the ecb will publish its decision following last month's surprise rate cut....
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much more important than the fiscal deficit, the yearly fiscal deficit in this country which he points out is actually shrchging in his administration john. >> point out, this issue about the young people are disappointed with president and congress. >> part of the obama coalition that got him elected twice is young people, so-called millennials. folks at harvard has a unit that polled these folks. 18 to 25, bad news for the president, festival his approval rating down to 41%. that is a reflection of the population at large but down 11% since just this spring. and john earlier the president did some work to shore up the forecast, the so-called -- shore up the rveght affordable care a% of millennials disapprove of the affordable care act. have no plans to sign up. that's disappointing news. >> the numbers behind inequality could be surprising for many. jonathan betz has a closer look at what the president says is an economic inequality gap. >> simply put the poor are getting poorer and the rich are getting richer. first off, what does this mean? the median income for an american househo
much more important than the fiscal deficit, the yearly fiscal deficit in this country which he points out is actually shrchging in his administration john. >> point out, this issue about the young people are disappointed with president and congress. >> part of the obama coalition that got him elected twice is young people, so-called millennials. folks at harvard has a unit that polled these folks. 18 to 25, bad news for the president, festival his approval rating down to 41%. that...
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i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything we want. >>> all right. so there you have it. a major, major deal, words you don't often here in washington, d.c. right now. compromise. and as you heard paul ryan say, a step in the right drink, although there will be plenty of conservatives who won't be happy with this deal. there will be some liberals who won't be happy with it as well. it's still got to pass the house of representatives, pass the senate, go to the president for his signature. if it passes, there will not be a government shutdown in january. we'll be ri
i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going...
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we have a $100 trillion deficit. this was before obama care. it took money from medicare which is already broke and then added a bunch of new people to medicaid as luis said. the states to have pick up the costs and the states like my state of california and illinois, they're both broke already. >> the states have to pick up 10% of the costs in a few years of medicaid. i mean interesting federal government is paying most of it. >> up front. part of the reason why the administration now has delayed the enrollment. they say they and paneleded it until after the 2014 elections. next year people will pay much higher prices than this year. so i think long term, we submitted a plan. the president talks about a plan that he is open to plans women submitted a plan. myself, paul ryan, senator co-bush, we introduced a bill before it was introduced. >> one of the things that i think is pretty cool about this booking, i'm not just saying this. you are two of the most candid people on capitol hill and that says a lot. a lot of candid people up there. so let
we have a $100 trillion deficit. this was before obama care. it took money from medicare which is already broke and then added a bunch of new people to medicaid as luis said. the states to have pick up the costs and the states like my state of california and illinois, they're both broke already. >> the states have to pick up 10% of the costs in a few years of medicaid. i mean interesting federal government is paying most of it. >> up front. part of the reason why the administration...
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. >> everybody is focusing on cut the deficit. >> we're putting the money in the wrong place. >> we're honoring the legacy of nelson mandela today and the apartheid movement that he led. and it was built over time and you'll see the same thing happen with minimum wage. ten states, including washington d.c. have higher wages. >> let the states test it. >> obama administration care rebound. the president defended the affordable care racket act. he told the republicans if they have a better plan, let's hear it. >> if you don't like obamacare, and i know you don't, you should explain how exactly you would cut costs and cover more people and make insurance more secure. you to the morning people to tell us what you are for not just what you're against. >> is this a diversion tactic. >> yes, no question they would rather have the media focus on that the republicans don't have a plan. you had 29,000 people signed up which was more than all of us. a hundred thousand in november so they're much happier about the way it is going. but they would love it the if the media pointed out that the republ
. >> everybody is focusing on cut the deficit. >> we're putting the money in the wrong place. >> we're honoring the legacy of nelson mandela today and the apartheid movement that he led. and it was built over time and you'll see the same thing happen with minimum wage. ten states, including washington d.c. have higher wages. >> let the states test it. >> obama administration care rebound. the president defended the affordable care racket act. he told the...
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. >> incredibly cold, which that gives the child a way better chance of having the least amount of deficits or making a full recovery. >> reporter: 24 hours later, word reached the crew, the boy was doing better, so much that he is expected to make a full recover. >> wow! it is the best early christmas present that all of us could imagine. >> reporter: just another day on the job at fire station 23, saving lives along the way. brian webb, kpix 5. >> that toddler's grandmother dove in after him. she was also taken to the hospital, treated for hypothermia. she is expected to make a full recovery, as well. >>> bart's two biggest unions are working on a lawsuit against the transit agency over their contract dispute. "the examiner" reports a union official expects a suit could be filed this week. the issue is that tentative contract that union members are proved back in october. bart's directors removed a family leave provision before they voted to ratify that deal. >>> today there's a new 600- foot-long barricade at the [ indiscernible ] to halt a dangerous stunt by commuters just off highway 1
. >> incredibly cold, which that gives the child a way better chance of having the least amount of deficits or making a full recovery. >> reporter: 24 hours later, word reached the crew, the boy was doing better, so much that he is expected to make a full recover. >> wow! it is the best early christmas present that all of us could imagine. >> reporter: just another day on the job at fire station 23, saving lives along the way. brian webb, kpix 5. >> that toddler's...
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trade deficit as bloated. since nafta and wto we've lost over 5 million of our manufacturing jobs from a 40,000 factories gone, and real wages down across the economy. in fact, true honesty, our exports rose to countries we do not have fast-track trade agreements with, actually 38 percent higher than those with which we do. myth number three, every president since roosevelt has said tpa. morning, trick, acronym. tpa also is an acronym for trade promotion authority, a cynical renaming a fast track, but it is also the reciprocal tariff act is called trade promotion the tory. and that is a mechanism president roosevelt had that only pertained to tariffs. the estimate is true, from 1934 the reciprocal tariff act had tariff, proclamation a story, tpa. a totally different thing than what equals fast track. true. a handful of president since nixon have had fast track. for the politics, the question is will this house of representatives give president obama this extraordinary authority to push through the trans pacifi
trade deficit as bloated. since nafta and wto we've lost over 5 million of our manufacturing jobs from a 40,000 factories gone, and real wages down across the economy. in fact, true honesty, our exports rose to countries we do not have fast-track trade agreements with, actually 38 percent higher than those with which we do. myth number three, every president since roosevelt has said tpa. morning, trick, acronym. tpa also is an acronym for trade promotion authority, a cynical renaming a fast...
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talk about a deficit. we will see if we have anything that has not been leaked to the market. we have a statement and there is a bit in this statement. joining later with the details. >> we have the forecast from the ecb >> it is higher. do not expect that from the ecb. the rate policy could go and it surprised everyone. is that the ecb has more work to do. >> we have corporate news. >> keep a look on the luxury markets. it could go a little bit higher. shares and weo .5 see it down. it is more luxurious. it is dependent on europe. and it is in the wholesale market. you let's go to our international correspondent. gaining mobile may be state approval for a new license. that could mean assets and 8 million subscribers. the next month, the iphone is on sale. >> thank you so much. a center and a stamp of approval from regulators in china. general motors is rolling chevrolet. out andputting a note charges 700 million in to the european companies. it is focusing on this. we will have more on this car sector later today you have the statement and a little bit of luxury. >> it is bus
talk about a deficit. we will see if we have anything that has not been leaked to the market. we have a statement and there is a bit in this statement. joining later with the details. >> we have the forecast from the ecb >> it is higher. do not expect that from the ecb. the rate policy could go and it surprised everyone. is that the ecb has more work to do. >> we have corporate news. >> keep a look on the luxury markets. it could go a little bit higher. shares and weo .5...
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from october to novemr on wednesday according to a private payroll who reports and also the us trade deficit shrank as exports the assertion that really now puts the friday jobs numbers of well into focus. so we'll keep track of the hallmark has developed over that not domestically. there's also a focused effort to gain as investors eager to be like keeping a close eye on whether the bank of japan is going to implement further policy action in order to achieve its target of eighteen percent rise in consumer prices a lot of domestic focus as well fight and the dollar remain as we've been on covering still in the one o two yen levels where do we stand exactly this thursday morning. yeah exactly i caught a little bit of fluctuations in t dollar yen during the summer to write up of him to put thirty c to thirty four is the thing come off a little bit from the highest hundred ft points thirty seven on tuesday to these current levels thus traders the cash in on the dollar's recent gains the euro hundred and thirty nine points or one two zero nine euro yen and that remains stuck in a range ahead of
from october to novemr on wednesday according to a private payroll who reports and also the us trade deficit shrank as exports the assertion that really now puts the friday jobs numbers of well into focus. so we'll keep track of the hallmark has developed over that not domestically. there's also a focused effort to gain as investors eager to be like keeping a close eye on whether the bank of japan is going to implement further policy action in order to achieve its target of eighteen percent...
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the trade deficit shrank in october, fall 5.4%, as u.s. exports hit a record high on increased global demand. the housing market showing signs of recovery. new home sales jumped 25.4% in october. that's the biggest gain in more than 33 years. that's your cnbc first in business worldwide. e you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. get the best offers of the season now. lease this 2014 srx for around $369 a month with premium care maintenance included. ♪ now covergirl trublend chas the perfect blend. for 99% of all women. new shades and a formula that blends in, won't build up for a flawless nude look. trublend from easy breezy beautiful covergirl. >>> if republicans have concrete plans that will actually reduce i
the trade deficit shrank in october, fall 5.4%, as u.s. exports hit a record high on increased global demand. the housing market showing signs of recovery. new home sales jumped 25.4% in october. that's the biggest gain in more than 33 years. that's your cnbc first in business worldwide. e you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ stacy's mom has got it goin' on ♪...
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Dec 2, 2013
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a lot of issues, a lot of actors go into what happens from a bilateral trade deficit from one quarter to another quarter. deficit me time, the with korea may have increased colombia and th panama also implemented around the same time have gone up dramatically. goes to the g differential growth rates in the various economies. we're can do is make sure reducing the barriers and the exports have a chance to compete field. vel playing >> get closer to home and talk about congress. here was a bit of a backlash that brewed last week about the trade negotiations. have you anticipated the fight ahead in getting everything approved. >> we've been talking to throughout these negotiations. the -- the formal process called trade promotion authority expired in 2007. that's a process every congress 1974 ery president since have worked on together. it's the process where congress what your xecutive negotiating objectives are, how to look with congress in the procedures and the under which congress will approve or disapprove a trade pac when it's done. the consultation procedures of 2007 trade promot
a lot of issues, a lot of actors go into what happens from a bilateral trade deficit from one quarter to another quarter. deficit me time, the with korea may have increased colombia and th panama also implemented around the same time have gone up dramatically. goes to the g differential growth rates in the various economies. we're can do is make sure reducing the barriers and the exports have a chance to compete field. vel playing >> get closer to home and talk about congress. here was a...